SEBI Registered Investment Adviser · INA000019026

A Private Briefing for the Bar Senior Counsel. Managing Partners. Chamber Heads. Prepared for India's legal profession — every figure below reflects how counsel actually earn, hold surplus and get taxed.

You bill by the hour. Your idle cash is quietly paying the taxman by the year.

FD interest is taxed at your full slab rate — up to 39% — every single year, whether you've touched it or not. There's a calmer, fully-managed way to hold surplus cash that keeps more of what's yours: just as liquid, and taxed far more gently.

Talk to Krishna Makhariya, CFA See the numbers, 2 minutes

The Quiet Leak

Same ₹1 Crore. One keeps ₹1.93 Lakh more — in year one alone.

A one-year SBI Fixed Deposit and the SBI Arbitrage Fund are quoted within half a percent of each other. What happens after tax is where they stop looking alike — and it compounds every year you leave the money where it is.

In one line: an arbitrage fund earns from a small, pre-agreed price gap between two simultaneous markets — not from guessing which way prices move.

Same ₹1 Crore. Every Difference, One Table.

Fixed Deposit ₹1.04 Cr

You'd have extra ₹1.93 Lakh

SBI Arbitrage Fund ₹1.06 Cr

What the same ₹1 Crore turns into, at the top 39% slab. Same money, same years — the only variable is where it sits.

	Fixed Deposit	SBI Arbitrage Fund
Headline rate	6.25% p.a., fixed	6.56% p.a., CAGR
What you actually keep after tax	3.81%	5.74%
Tax on gains	Your full slab — up to 39%	Flat 12.5% (LTCG)
When you're taxed	Every year, even untouched	Only when you redeem
TDS	Deducted every year	None
Liquidity	Penalised	Full — redeem anytime
Access to cash	Immediate to a few days	2 working days
Tax-free threshold	None	First ₹1.25 Lakh of gains, per year

FD rate: SBI's published 1-year rate for a general citizen, 6.25% p.a., compounded annually on the post-tax return since interest is taxed every year. Arbitrage fund: SBI Arbitrage Fund at 6.56% p.a., CAGR, compounded on the pre-tax return since gains are taxed once on redemption at the 12.5% long-term rate. Both taxed at the top 39% slab / 12.5% LTCG throughout. Illustrative only — actual returns will vary.

Your Numbers, Not Ours

Move the sliders. See exactly what it's costing you.

A 1-year SBI FD at 6.25%, the SBI Arbitrage Fund at 6.56%. Put in what you actually have sitting idle and the arithmetic re-runs instantly.

Amount sitting idle ₹1.00 Cr

₹5 Lakh to ₹10 Crore

Your income tax slab

Most practising senior counsel fall in the top bracket. Your FD is taxed here; the fund is taxed at a flat 12.5% either way.

How long it stays parked 5 years

1 to 15 years

→ You'd end up with ₹12.15 L more in the arbitrage fund

FD · real return after tax —

Fund · real return after tax —

Fixed Deposit, after tax —

Arbitrage Fund, after tax —

What the FD quietly costs you

—

Illustration only, not advice. Assumes 6.25% p.a. on the fixed deposit (SBI's published 1-year rate for a general citizen, taxed annually at the slab you select) and 6.56% p.a. on the SBI Arbitrage Fund (taxed once on redemption at the 12.5% long-term rate). Figures exclude cess, surcharge and the ₹1.25 Lakh annual long-term exemption, and are rounded. Returns are not assured and will vary. Please consult a SEBI-registered investment adviser or Chartered Accountant before acting on any figure shown here.

Why Take Our Word For It

Twenty years of quietly building resilient portfolios.

iVentures Capital is an award-winning, SEBI-registered wealth advisory founded in 2005 and trusted with over ₹1,200 Crore in assets by families, entrepreneurs, CXOs and senior professionals across India. We are fee-transparent fiduciaries: our only business is getting your money working harder than it is today.

₹1,200Cr+Assets under management

850+Investors, on their own paths

20+Years of enriched experience

25+Credentialed wealth experts

Nirmal Bansal

Managing Director · Founder

UCLA Anderson Ex-DSP Merrill Lynch 20+ years

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Krishna Makhariya

Chief Investment Officer

CFA Charterholder Head of Research 8+ years

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Why clients stay: invest with certainty and predictability, backed by a team built on transparency, reliability and accountability.

Transparency

Every rate, every assumption and every fee is shown on this page and explained before you commit to anything.

Reliability

Arbitrage captures a locked-in price gap, not a market view — the more predictable route to a better after-tax return.

Accountability

A named adviser owns your relationship, not a call centre queue. If a number here looks wrong, you tell Krishna directly.

Accessibility

WhatsApp, phone or a 30-minute call — reach the person who actually manages your money, on your own schedule.

Preferred Wealth Partners of 2022 — awarded by the Deputy Commissioner (IAS), Govt. of Haryana. iVentures has also shared the panel with senior officials of SIDBI and IamSME of India, discussing responsible wealth-building for India's professionals.

Straight Answers

What counsel usually ask us first.

Is this a bet on where prices go?

No. It doesn't take a view on whether an underlying instrument's price rises or falls. It captures a fixed, pre-agreed gap between two simultaneous prices — the gap exists either way, so there's nothing to predict and no direction to guess.

What if I need the money suddenly — mid-case, or for a settlement?

There's no lock-in — redeeming is a click of a button away. You can request it at any time, and the amount gets credited to your account in 2 business days.

How exactly is this taxed compared to an FD?

FD interest is added to your income and taxed at your personal slab rate — up to 39% — with tax deducted every year automatically. With this category of fund, the fund itself isn't taxed; only your gains are — at just 12.5% if held for over a year, or 20% if held under a year. The first ₹1.25 Lakh of long-term gains is tax-free each year, and there is no annual TDS.

Do I need to actively manage or track anything?

No. This is run entirely by SEBI-registered fund managers inside a regulated mutual fund structure. You simply hold units. iVentures handles account setup, order confirmation and redemptions on your behalf — end to end.

How is my account actually set up?

A short, entirely paperless process: your investment account is set up with the NSE (National Stock Exchange) using your PAN, Aadhaar, a cancelled cheque and a few basic details. It is typically ready within 24 hours.

If this is better, why hasn't my bank or CA mentioned it?

A fair question, and the answer is simply commercial. Your FD is a product the bank itself profits from — deposits fund its lending, so there is little reason for a relationship manager to point you elsewhere. Your CA, meanwhile, files what you have already done; advising on where to hold surplus cash usually sits outside that brief. Neither is doing anything wrong — it just means nobody in your existing circle is paid to raise this with you.

Who is iVentures Capital?

A SEBI-registered investment adviser (INA000019026) managing over ₹1,200 Crore for families, entrepreneurs and professionals, with 20+ years of experience and recognition including the 'Preferred Wealth Partners of 2022' award from the Govt. of Haryana.

In the Media

Nirmal Bansal in conversation with ANI

iVentures' Managing Director regularly represents the firm's perspective on retirement planning and wealth-building policy at national forums.

In the Media

Krishna Makhariya, CFA

Chief Investment Officer and Head of Research at iVentures Capital, guiding the firm's investment strategy and client conversations.